answer 1-2

1. In this week's lectures, we emphasized the importance of developing good spending and costcutting habits. In what ways does May Lynn Schroeder illustrate good spending and cost-cutting habits? Give specific examples. 2. Do you think the case suggests that Schroder's early strategy of spending less and living inexpensively (which I discussed in this week's lecture) is a good or bad strategy long term? Can the strategy be effective even after a small business has been around for several years? Explain your